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Elon Musk’s latest email to Twitter employees addresses working late

Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters On Friday, Twitter‘s new owner Elon Musk sent a companywide email to employees of the social media giant thanking them for working long hours since he took over on Oct. …

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Southeast Asia leaders kick off ASEAN summit in Cambodia

From L-R: Philippines’ President Ferdinand Marcos Jr, Singapore’s Prime Minister Lee Hsien Loong, Thailand’s Prime Minister Prayut Chan-o-cha, Vietnams Prime Minister Pham Minh Chinh, Cambodia’s Prime Minister Hun Sen, Indonesias President Joko Widodo, Sultan of Brunei Hassanal Bolkiah, Laos’ Prime Minister Phankham Viphavanh and Malaysia’s lower house speaker Azhar Azizan …

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UK on the brink of recession after economy contracts by 0.2% in the third quarter

The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago. Huw Fairclough | Getty Images News | Getty Images LONDON — The U.K. economy contracted by 0.2% in the third quarter of 2022, signaling what could be the start of …

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Fed officials welcome October CPI but still see tighter policy ahead

Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Federal Reserve officials welcomed Thursday’s news showing that inflation rose less than expected last month, and they noted that interest rate increases could slow ahead. But they …

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Global shipping industry faces a new problem — too many containers

Trends in global supply chains continue to flip as container prices fall and container depots fill up, logistics data show. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too …

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LinkedIn says India, Singapore, Australia hiring slows

The Great Resignation has dominated the workplace for nearly two years — but employers may soon be able to heave a sigh of relief.  The labor market is now “emerging from” the Great Resignation, LinkedIn’s CEO Ryan Roslansky told CNBC Make It.  The phenomenon — also known as the “Great …

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Biden to discuss economic practices, Taiwan and Russia with Xi Jinping

Chinese President Xi Jinping meets with U.S. President Joe Biden via video link, in Beijing, capital of China, Nov. 16, 2021. Huang Jingwen | Xinhua News Agency | Getty Images WASHINGTON – President Joe Biden will discuss a range of geopolitical challenges next week in his first face-to-face meeting with …

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Crypto billionaire Sam Bankman-Fried blames himself for FTX’s collapse, admits he ‘f—ed up’

FTX’s Sam Bankman-Fried tweeted Thursday morning that he is “sorry,” admitting that he “f—ed up” and “should have done better.” The post comes as the one-time hero of the crypto sector is begging for billions of dollars to stave off bankruptcy. It has been a swift fall from grace for …

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Consumer prices rose 0.4% in October, less than expected, as inflation eases

The consumer price index rose less than expected in October, an indication that while inflation is still a threat to the U.S. economy, pressures could be starting to cool. The consumer price index, a broad-based measure of goods and services costs, increased 0.4% for the month and 7.7% from a …

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Analysts on how outcome might affect tech sector

U.S. President Joe Biden in a virtual meeting with Chinese President Xi Jinping at the White House in November 2021. Just last month, the U.S. announced export controls restricting China’s access to specific types of advanced semiconductor chips, a move that crimps Chinese companies’ access to key tech. Alex Wong …

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